HUMMINGBIRD RESOURCES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-14 (in 1mo)
Last made up 2025-05-31
Watchouts
None on the register
Cash
£3M
USD 3,404,000
-69.6% vs 2023
Net assets
£92M
USD 123,645,000
-29.6% vs 2023
Employees
633
+27.1% vs 2023
Profit before tax
-£65M
USD -86,858,000
-365.6% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £132,389,175 | £164,030,052 | |
| Operating profit | £6,860,283 | -£45,285,939 | |
| Profit before tax | -£13,944,831 | -£64,930,851 | |
| Net profit | -£19,303,282 | -£64,398,595 | |
| Cash | £8,381,550 | £2,544,666 | |
| Total assets less current liabilities | £248,078,792 | £196,485,012 | |
| Net assets | £131,301,488 | £92,431,038 | |
| Equity | £131,301,488 | £92,431,038 | |
| Average employees | 498 | 633 | |
| Wages | £12,337,594 | £17,278,912 | |
| Directors' remuneration | £980,040 | £1,430,067 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+23.9%
£132,389,175 £164,030,052
-
Cash
-69.6%
£8,381,550 £2,544,666
-
Net assets
-29.6%
£131,301,488 £92,431,038
-
Employees
+27.1%
498 633
-
Operating profit
-760.1%
£6,860,283 -£45,285,939
-
Profit before tax
-365.6%
-£13,944,831 -£64,930,851
-
Wages
+40.1%
£12,337,594 £17,278,912
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 5.2% | -27.6% | |
| Net margin | -14.6% | -39.3% | |
| Return on capital employed | 2.8% | -23.0% | |
| Gearing (liabilities / total assets) | 70.3% | 78.8% | |
| Current ratio | 0.25x | 0.14x | |
| Interest cover | 0.37x | -2.04x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation — the current trading name was adopted 2025-07-24
- HUMMINGBIRD RESOURCES LIMITED 2025-07-24 → present
- HUMMINGBIRD RESOURCES PLC 2010-12-03 → 2025-07-24
- HUMMINGBIRD RESOURCES LIMITED 2005-11-03 → 2010-12-03
- HAMSARD 2843 LIMITED 2005-05-31 → 2005-11-03
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the group's and parent company's ability to continue to adopt the going concern basis of accounting included: Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- HUMMINGBIRD RESOURCES LIMITED · parent
- Mansa Resources Limited (formerly Trochilidae Resources Limited) 100%
- Pasofino Gold Limited 51%
- Afro Minerals Inc. 80%
- Golden Grebe Mining Limited 100%
- Eagle Mining Limited 100%
- Deveton Mining Company 41%
- Hummingbird Resources (Liberia) Inc. 51%
- ARX Resources Limited 51%
- Sinoe Exploration Limited 90%
- Hummingbird Security Limited 51%
- Intervest Inc 51%
- Bentley International Trading Corporation 51%
- Glencar Mining Limited 100%
- Centrebind Agency Limited 100%
- Glencar International (BVI) Limited 100%
- Glencar Mali SARL 100%
- Société des Mines de Komana SA 87.5%
- Sunangel Resources Limited 100%
- Yanfolila Mining Limited 100%
- Yanfolila Finance Limited 100%
- Yanfolila Holdings Limited 100%
- Kouroussa Gold Limited 100%
- Kouroussa Mining Limited 100%
- Kouroussa Gold Mining SA 85%
- Kouroussa Exploration SARLU 100%
- Hummingbird West Africa Limited 100%
- Hummingbird Resources SARL 100%
- Sunangel B Limited 100%
- Trochilidae Holdings Limited 100%
Significant events
- “On 14 January 2025, the Société des Mines de Komana SA ("SMK") reached an agreement with the Government of Mali regarding application of the 2023 Mining Code to the Company's Yanfolila Gold Mine. Key terms of the agreement included; Yanfolila Mine's migration to Mali's 2023 Mining Code with the Government granting a 2% reduction on the Special Tax on Certain Products rate ("ISCP") for the duration of the new establishment agreement. The Government also increased its stake to 20% from the previously owned 12.5%, and decided against paying for the previously agreed 10% equity stake.”
- “In May 2024, CIG agreed to provide a short-term loan of $30 million for Kouroussa. $4.5 million was converted into equity on 23 December 2024, with the remainder converted into equity on 7 January 2025 as part of the restructure.”
- “On 30 May 2025, the Company's settled an ongoing legal case with Junction Contract Mining ("JCM"), the previous mining contractor at the Company's Yanfolila Mine, for an initial consideration of $800,000.”
- “On 16 June 2025, the Group purchased all the share capital of Responsible Mining Services ("RMS"), the previous mining contractor at the Yanfolila Mine, for $471,250.”
- “On September 16, 2025, the Company agreed to sell its entire shareholding in Mansa Resources Limited to Nioko Resources Corporation at cost.”
- “On September 19, 2025, the Board of Mansa Resources Limited resolved to move the company's domicile from Isle of Man to Dubai International Financial Centre ("DIFC").”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TOGUYENI, Oumar | Director | 2024-11-06 | Dec 1961 | Canadian |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FUNG, Tracey | Secretary | 2021-12-01 | 2025-08-31 |
| HILL, Thomas Rowland | Secretary | 2010-12-02 | 2021-12-01 |
| COBBETTS (SECRETARIAL) LIMITED | Corporate Secretary | 2007-02-28 | 2010-12-02 |
| HAMMONDS SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2005-10-31 | 2007-02-28 |
| HAMMONDS SECRETARIES LIMITED | Corporate Nominee Secretary | 2005-05-31 | 2005-10-31 |
| BETTS, Daniel Edward | Director | 2005-10-30 | 2025-02-28 |
| BETTS, Stephen Alexander | Director | 2006-04-28 | 2025-02-28 |
| COCKERILL, Ian David | Director | 2009-10-08 | 2014-11-14 |
| COOK, William | Director | 2009-04-14 | 2016-09-30 |
| EYRE, Geoffrey Peter | Director | 2024-11-06 | 2026-02-18 |
| HILL, Thomas Rowland | Director | 2012-07-17 | 2025-02-28 |
| IDIENS, Matthew Charles | Director | 2005-10-31 | 2018-06-26 |
| KING, Russell John | Director | 2014-11-17 | 2022-06-29 |
| MARR, Sebastian Andrew | Director | 2007-06-06 | 2009-12-01 |
| NUTTER, George Ernest | Director | 2018-04-30 | 2025-02-28 |
| PELHAM, David Almgren | Director | 2008-04-01 | 2018-06-26 |
| PUXON, Paul Benedict | Director | 2007-06-06 | 2008-12-23 |
| ROUX, Adriaan Almero | Director | 2018-04-30 | 2025-02-28 |
| SMITH, Roderick James Hollas | Director | 2010-08-01 | 2012-11-02 |
| STRAKER-SMITH, Richard David | Director | 2017-05-24 | 2025-02-28 |
| HAMMONDS DIRECTORS LIMITED | Corporate Nominee Director | 2005-05-31 | 2005-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cig Sa | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-03-14 | Active |
Filing timeline
Last 20 of 230 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-24 CERT10 Certificate re registration public limited company to private
- 2025-07-24 RR02 Reregistration public to private company
- 2025-07-24 RESOLUTIONS Resolution
- 2025-01-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-07 | AA | accounts | Accounts with accounts type group | |
| 2025-09-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-24 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2025-07-24 | RR02 | change-of-name | Reregistration public to private company | |
| 2025-07-24 | MAR | incorporation | Re registration memorandum articles | |
| 2025-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-29 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2025-05-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-07 | SH01 | capital | Capital allotment shares | |
| 2025-01-06 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.